Celsius Begins Second Distribution of $127 Million to Eligible Creditors
2024-11-28 09:07:05 Primitive Reading

　On November 28th, according to court documents, Celsius Network is distributing $127 million to eligible creditors in its second payment under bankruptcy proceedings, after its collapse in July 2022. The latest distribution raises the total recovery rate to 60.4% of the eligible claim amount, based on the first payment in January 2024, when approximately 57.65% of eligible claims were paid in the form of liquid crypto assets or cash.

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